Yum China (09987) reported an adjustment to its issued shares, with the total number of issued shares (excluding treasury shares) changing from 362,972,914 on 17 October 2025 to 362,904,680 as of 20 October 2025. The change reflects the cancellation of 73,076 shares repurchased in the U.S. on 17 October 2025 at USD 43.79 per share, and the issuance of 4,842 new shares under the company’s long-term incentive plans at USD 44.86 per share.

Between 15 September and 20 October 2025, 464,150 shares were repurchased for cancellation in Hong Kong, at daily volumes ranging from 17,800 shares to 19,200 shares, with repurchase prices ranging from HKD 326.78 to 352.24. On 20 October 2025, an additional 71,740 shares were repurchased in the U.S. at prices between USD 44.26 and 44.83. Under the repurchase mandate dated 23 May 2025, Yum China is authorized to repurchase up to 37,239,649 shares, of which 10,176,871 shares have been repurchased to date.

Following these transactions, the company reported 362,904,680 issued shares as of 20 October 2025. All repurchases described were carried out in accordance with the relevant listing regulations in Hong Kong and the U.S., based on previously disclosed agreements and mandates.